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Stock Market & Financial Investment News

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February 28, 2013
05:40 EDTPZGParamount Gold & Silver completes PEA for San Miguel Project in Mexico
Paramount Gold and Silver announced the results of a Preliminary Economic Assessment, or PEA, for its 100%-owned San Miguel gold and silver project located in Chihuahua State, Mexico. The PEA was prepared by Metal Mining Consultants of Denver, Colorado incorporating a resource model developed by Mine Development Associates of Reno, Nevada. The PEA confirms that the San Miguel project represents an unusually robust economic opportunity to develop a low cost mine in the prolific Sierra Madre belt in Mexico. The complete PEA will be filed at SEDAR within 45 days. Highlights of the assessment include low initial capital of $232M and low operating costs generate exceptional economics. Estimated average annual production of 57,300 ounces Gold and 3.1M ounces Silver for 14 years. Estimated base case pre-tax NPV of $707M at a 5% discount rate and IRR of 33.2%.
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June 23, 2015
06:09 EDTPZGParamount Gold Nevada metallurgical tests support potential for improvements
Paramount Gold Nevada announced that a final report from its metallurgical consultants confirms the potential for substantially higher gold recoveries from Paramount's 100%-owned Sleeper Gold Project in Nevada. Column test gold recoveries from oxide material now average 80% from 78% - column test gold recoveries from mixed material average 77.5% - gold recoveries from sulfide material range from 76%-92.6% following proven oxidation pre-treatment.

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